- Professional News
- 03 October 2014
German Renewable Energy Act amended
Greater stability and security for the wind turbine industry in Germany are the objectives of a new amendment to the Renewable Energy Act now in force.
With a new amendment to the Renewable Energy Act (Erneuerbare-Energien-Gesetz), the German politicians create greater security for the investors. The amendment came into force on 1 August 2014 and, as a consequence, the future of most of the existing wind turbines is secured, among other things.
By the new Act, the politicians signal that they intend to proceed with the usual practice of providing state aid to existing projects.
As a consequence of the previous uncertain political support, many offshore projects were put on hold in the summer of 2013.
The other elements of the amendment include
- duty of direct sale of electricity
- adjustment of the statutory state aid rates
- an auction procedure for electricity produced no later than 2017.
The Renewable Energy Act has more or less turned into a "bureaucratic monster" due to many special regulations and exceptions. A committee of experts in the German Bundestag even argues to repeal the Act altogether.
The new Act is, therefore, not considered revolutionary but does contain many new initiatives of importance to, among other things, German wind energy.
Read more about the new Act here.